Displaying items by tag: funds

The Nasher Sculpture Center announced yesterday that, following a gift of $750,000 from the Kaleta A. Doolin Foundation, the museum will form an acquisitions fund for work by women artists.

“It is the Nasher Sculpture Center’s great fortune to be granted this generous acquisitions gift, and we could not be more grateful to Ms. Doolin or excited about the possibilities this gift affords,” museum director Jeremy Strick said in a statement.

The National Gallery of Art has acquired works by three contemporary female artists and a Chicago outsider artist using funds from the museum’s Collectors Committee and other donors.

Cecily Brown’s painting “Girl on a Swing,” Martha Rosler’s photomontage “Cleaning the Drapes” and Roni Horn’s cast-glass sculpture “Opposite of White, v. 2” were added to the collection at the museum’s board meeting May 1.

The Victoria and Albert Museum has raised funds to buy four bronze angels originally designed for the tomb of Cardinal Thomas Wolsey, Henry VIII's influential advisor. The V&A said last year it would cost £5 million to secure the figurines.

The statues are "a vital part of our national history and artistic heritage," director Martin Roth said. The cardinal, who appears in Hilary Mantel's novel Wolf Hall - currently being shown on BBC1 - died in 1530.

Graduates of Goldsmiths, University of London who have become household names in contemporary art, including Damien Hirst, Antony Gormley, Sarah Lucas, Yinka Shonibare and Michael Craig-Martin, are donating works to raise funds for a new art gallery at their old art school. Sam Taylor-Johnson, Julian Opie and Steve McQueen, whose "Twelve Years a Slave" won an Oscar last year, have also given pieces.

The works, including a spot painting and a swirl painting by Hirst, a bronze by Lucas, and one of Gormley’s cast iron standing men, are expected to raise most of the £2.8 million cost of the gallery at a Christie’s auction next month.

Founder of "The Art Newspaper" Umberto Allemandi announced today that he has sold the publication to Inna Bazhenova, whom the press release labels as “the mathematician, engineer and collector.” The boon of funds from Bazhenova, who has been "The Art Newspaper" Russia’s publisher for the past two years, is expected to help the newspaper bolster its online presence.

‘Figure for Landscape’ by Dame Barbara Hepworth DBE (1903–1975) was first unveiled outside Kunsthall Stavanger’s building in 1968.

Her sculpture hit the local headlines last and this month after the art association – formerly known as Stavanger Kunstforening – decided to sell the work to raise money.                        

The sale is intended to bring funding to maintain the building and operation, keep staff on, and put on exhibitions for further revenue. But the 41 to 15 vote in favour of selling Stavanger’s most valuable sculpture was not without repercussions.

Local art milieu members and representatives slammed the Board, calling the move “a theft”, and “madness”. Over 260 signed a petition, and Stavanger’s Galleri Oppdahl encouraged people stage a boycott.

The City of North Miami has asked a judge to dismiss the lawsuit filed earlier this month by the Museum of Contemporary Art.

The city is calling MOCA's suit to move some of its artwork and spread it out across South Florida "legally deficient."

"We're not going to let anybody take our art collection and move it somewhere else after so many years of establishing the great MOCA," Councilman Scott Galvin said.

The Pennsylvania Academy of the Fine Arts will sell a painting by Edward Hopper to start an endowment fund to acquire contemporary art. East Wind Over Weekhawken is one of two paintings by the American Modernist artist in the museum’s collection. The work will be sold at auction at Christie’s in New York in December and is expected to garner between $22 million and $28 million.

East Wind Over Weehawken was purchased by the museum from Hopper’s dealer, Frank K.M. Rehn, in 1952 for $2,750. If the painting realizes its pre-sale estimate, it will quintuple the funds generated annually for acquisitions. While a portion of the endowment will be used for purchasing historic art, the majority of new acquisitions will be in contemporary art, mainly American painting and sculpture.

The Pennsylvania Academy will keep its other Hopper painting, Apartment Houses, which was purchased from the artist directly and was the first oil painting by Hopper to enter the Pennsylvania Academy’s collection.